Re-listed 8 days ago

197 Cherrywood Dr, Newmarket, Ontario L3Y 2X9

Detached
3 + 1
2
~700-1100 sqft
$•••,•••
$889,000
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$8,890Cashback
Detached
3 + 1
2
~700-1100 sqft

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Highlights

Property Estimate

Days on market8 days

Total days on market
74 days

Estimated valueNot available

Price/Sqft$1,039/sqft

Monthly cost

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CMA Subject Property

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+51

Properties sold*

$1.3M

Median sold price*

*Based on last 30 days

Description

Welcome to 197 Cherrywood Drive, a charming raised brick bungalow nestled in one of Newmarkets most convenient neighbourhoods. This spacious 3-bedroom, 2-bathroom detached home sits on an extra-deep, private lot backing onto a school and green space offering peaceful views with no houses behind. Surrounded by mature trees and featuring a city-maintained walkway beside the property, this home provides both privacy and convenience. Inside, you'll find a bright and functional eat-in kitchen, generous living spaces, and a layout that offers excellent potential for a separate in-law or nanny suite with a back entrance. The covered back patio is perfect for relaxing or entertaining, while the large private driveway offers ample parking for multiple vehicles *bonus extra long carport canopy. This is a fantastic opportunity to move right in or invest in a property with great income potential. Located just minutes from Upper Canada Mall, the Newmarket GO Station, Tim Hortons, Costco, Walmart, and the boutique shops along Main Street, everything you need is close by. With quick access to both Highway 404 and 400, this home truly combines comfort, accessibility, and long-term value. Don't miss your chance to own this versatile and well-loved home in a prime Newmarket location.


Property Details

StyleBungalow
View-
Age of property-
SqFt~700-1100 SqFt
Lot Size5,000 SqFt(100 x 50)
Parking Spaces4
MLS ®NumberN12304553
Community NameNeighborhood of Newmarket
Data SourceTRREB
Listing byROYAL LEPAGE CONNECT REALTY

Features

Heating: Forced Air
Cooling: Central Air
Basement: Sep Entrance

Main Floor

Living

3.6 x 3.3

Large Window / Combined W/Dining / hardwood floor

Dining

2.4 x 3.3

Large Window / Combined W/Living / hardwood floor

3rd Br

3.3 x 2.8

Window / B/I Shelves / hardwood floor

Kitchen

3.0 x 3.92

Eat-In Kitchen / Window / Ceramic Floor


Features

Lot size: 5,000 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
8 days on market
history photo preview31
Listing by trreb®

Market Data - Neighborhood of Newmarket

Geo Zone Map ThumbnailNeighborhood of Newmarket

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

33 days

Compared to

2024

22 days

2023

13 days

2022

16 days

New Listings

Past 30 days

123 listings

Compared to

2024

113 listings

2023

113 listings

2022

82 listings

Units sold

Past 30 days

47 units

Compared to

2024

51 units

2023

56 units

2022

47 units

Median Sold Price

Past 30 days

$1,068,000

Compared to

2024

$1,250,000

2023

$1,223,744

2022

$1,225,000


Population and Demographics

Overview

Total population 83920
Average household income $141,299

Age (%)

0 to 19
23%
20 to 34
18%
35 to 49
21%
50 to 64
23%
65 and plus
16%

Household composition (%)

Single family
75%
Single person
20%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
74%
Iranian Persian
5%
Mandarin
5%
Others
4%
Russian
3%
Yue (Cantonese)
3%
Spanish
1%
Italian
1%

House tenancy (%)

Owners
75%
Renters
25%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget